The IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)(3) charities receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. Please contact your tax or financial advisor for more information.
Frequently Asked Questions
How do I donate bitcoins and other cryptocurrency to GFC?
Donating cryptocurrency to GFC is easy. Use the form above, select your cryptocurrency type, complete the information, receive the wallet address, and make your donation. There are many ways to contribute to our work: learn about more ways to give.
I need a wallet address to complete my donation. Where can I access this information?
You can access all of our wallet addresses by using the crypto donation widget above. Once you enter the type of cryptocurrency and reach the third step, you will receive a unique wallet address which can then be used to complete your donation.
Will I get a receipt with my donation?
You will receive a receipt for your donation via email. You must enter your email when prompted in our widget above. At this time, GFC does not accept anonymous cryptocurrency donations.
Is my cryptocurrency donation tax deductible?
In the US, the IRS classifies cryptocurrencies as property, so cryptocurrency donations to 501(c)(3) charities receive the same tax treatment as stocks. Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. Please contact your tax or financial advisor for more information.
In the UK, your cryptocurrency donations to a charity may be eligible for relief from capital gains tax, with the transfer taking place on a no-gain, no-loss basis. Cryptocurrency donations do not qualify for gift aid. Please contact your tax or financial advisor for more information.
Which cryptocurrencies do you accept?
Through our cryptocurrency fundraising initiative with The Giving Block and Gemini Trust Exchange, we can accept multiple cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Amp (AMP), Aave (AAVE), Alchemix (ALCX), Ankr Network (ANKR), Axie Infinity Shards (AXS), Balancer (BAL), Bancor Network Token (BNT), BarnBridge (BOND), Basic Attention Token (BAT), Bitcoin Cash (BCH), ChainLink (LINK), Compound (COMP), Curve (CRV), Dai (DAI), Decentraland (MANA), Dogecoin (DOGE), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), Gemini Dollar (GUSD), Injective Protocol (INJ), Kyber Network (KNC), Litecoin (LTC), Livepeer (LPT), Loopring (LRC), Maker (MKR), Mirror Protocol (MIR), Moss Carbon Credit (MCO2), Orchid (OXT), PAX Gold (PAXG), Polygon (MATIC), Ren (REN), Skale (SKL), Smooth Love Potion (SLP), Somnium Space (CUBE), Storj (STORJ), SushiSwap (SUSHI), Synthetix (SNX), Terra (LUNA), TerraUSD (UST), Tezos (XTZ), The Graph (GRT), The Sandbox (SAND), UMA (UMA), Uniswap (UNI), Yearn.Finance (YFI), Zcash (ZEC), 0x (ZRX), 1inch (1INCH), or any tokens currently accepted on the Gemini Exchange.
Header photo: A participant in one of GFC partner Fundación La Merced’s programs. Fundación La Merced aims to eradicate child labor in Santo Domingo Oeste, Dominican Republic, by providing integrated support services to child laborers and their families and by guaranteeing that their rights are respected. © Ernesto Rios and Fundación La Merced